Been a while since I updated my blog, I have to give credit to those who keep an updated blog coz it is a commitment.
Nothing too much to mention except for two worthy trades. One of them was a swing trade on FBN. I shorted this one on 13/Nov at $4.46 for a thousand shares near the close, I think the market was up that day. I could not have timeed it any better, coz from then on it just dropped.
I think I am better off not watching a position consistently coz I tend to react/get emotional when the price action goes against me. This is what I ended up doing on 18/Nov. The price action went against me and I panicked and quickly covered my position at $3.54. A nice little profit for 5 days that brought my account back to my original investment but a little patience and it went as low as 2 something.
The last worthy trade was MET on Nov 18, where Muddy in GOTS mentioned it starting to tank and I shorted 1k shares at $20 and at an average of $19.25 for a nice profit the same day.
But unfortunately did a bunch of silly trades here and there and over the next few days not even worth mentioning.
I have been on holiday since 18 Nov in cowboy country (Texas) and trying to trade a little here and there but no real time coz the family wants to do all the touristy stuff (not that there is a lot of touristy things to do in Texas).
Wish I could had the opportunity to trade today coz after 5 updays I felt the knock down coming. Oh well, I am sure there will be more opportunities. I will be watching COF, coz this one climbed way too high in the past few days, I think its more short covering than anything else. Credit card companies should soon start having some serious write downs.
Anyways, that's the update so far.
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